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rental DEAL

Michael Banks

Moxie Property Solutions LLC in Liverpool, NY
Michael Banks with Sheree Banks

We had three tenants looking for a house to rent and could eventually purchase. They wanted to be close to their employer and in the specific school district. One of our brokers contacted us to check out the property which had been on the market for more than six months. We looked at the property which was to settle an estate and made an offer after having our future tenants look at the property. The property was initially listed at $142K down to $125K and we closed on the property for $105K with our tenants paying $1500 per month.rn

Rental Details

Property City:
Bridgeport
Property State:
NY
Purchase Price:
$105,000
* These examples depicting income or earnings are NOT to be interpreted as common, typical, expected, or normal for an average student. Although we have numerous documented successful deals from our coaching students, we cannot track all of our students’ results, and therefore cannot provide a typical result. You should assume that the average person makes little to no money or could lose money as there is work and risk associated with investing in real estate. The students depicted have participated in advanced FortuneBuilders’ training and coaching. The participants shown are not paid for their stories; however, some of the students depicted may also be a FortuneBuilders' coach, and our coaches are compensated for their services. We believe in full transparency, so please read our Earnings and Income Disclaimers and Terms of Use

Case Study

How did the FortuneBuilders team and resources help you to accomplish this deal?

We utilized the process of HML and leveraging assets for the purchase. Our team building secured the lead and our deal analyzer allowed us to get the property for $20K less than the listing price.